THE CORPORATE TAX PLANNING AND FINANCIAL PERFORMANCE OF SYSTEMICALLY IMPORTANT BANKS IN NIGERIA

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dc.contributor.authorFagbemi, Temitope Olamide
dc.contributor.authorOlaniyi, Taiwo Azeez
dc.contributor.authorOgundipe, Ayobolawole Adewale
dc.date.accessioned2020-05-22T23:29:30Z
dc.date.available2020-05-22T23:29:30Z
dc.date.issued2019
dc.description.abstractDue to the multiplicity and overburdening of Nigeria’s tax system, the economic units in which systemically important banks (SIBs) are included implement the corporate strategies that identify the loophole which minimizes, postpones, or entirely avoids tax payments so as to reduce its negative effect on financial performance. Therefore, this study examined the corporate tax planning and financial performance of systemically important banks in Nigeria. Ex-post facto was adopted as the research design in this study, while Pooled OLS was used to analyze the data. This study has shown that the effective tax rate has a negative and significant impact on financial performance. Thin capitalization has a positive significant impact on the financial performance of SIBs in Nigeria, whereas capital intensity and the lease option have demonstrated an insignificant impact on the financial performance of SIBs in the country. The study concluded that corporate tax planning affects financial performance depending on the adopted tax planning strategies. Likewise, the study recommended, among other things, that the tax authorities should engage in the tax reforms whereby the corporate tax rate is to be adjusted, and that banks should engage in the activities that can reduce the effective tax rate.en_US
dc.identifier.citation28. Fagbemi, T. O., Olaniyi, T. A. & Ogundipe, A. A. (2019): The Corporate Tax Planning and Financial Performance of Systemically Important Banks in Nigeria. Economic Horizons, 21(1), 15 – 27. Published by the Faculty of Economics, University of Kragujevac, Serbia.en_US
dc.identifier.issn1450-863 X
dc.identifier.urihttp://hdl.handle.net/123456789/3986
dc.language.isoenen_US
dc.publisherFACULTY OF ECONOMICS, UNIVERSITY OF KRAGUJEVAC, REPUBLIC OF SERBIAen_US
dc.subjectcapital intensityen_US
dc.subjecteffective tax rateen_US
dc.subjectfinancial performanceen_US
dc.subjectsystemically important banken_US
dc.subjecttax planningen_US
dc.subjectthin capitalizationen_US
dc.titleTHE CORPORATE TAX PLANNING AND FINANCIAL PERFORMANCE OF SYSTEMICALLY IMPORTANT BANKS IN NIGERIAen_US
dc.typeArticleen_US

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